April 24, 2014
Solar Power Is Now As Cheap As Grid Electricity In These European Countries (Jay Cassano, 4/23/14, Co.Exist)
Choosing solar power no longer has to be a sacrifice for the sake of the environment. In Germany, Italy, and Spain, installing your own solar panels can now actually save money.A report released by European renewable energy consulting firm Eclareon shows that solar energy has reached "grid parity." In other words, over the full lifetime of the equipment, the total cost of owning and operating rooftop solar panels is about the same as buying electricity from the grid.There are a lot of variables involved in grid parity calculations, such as installation and maintenance costs and estimates of how long a solar panel will last. That also means there are a lot of reasons that can prevent solar power from being cost-effective, not the least of which is the amount of sun an area gets.Because of tax benefits in the U.S., installing a rooftop solar system can already cost less over time than buying power from the grid. But grid parity is a measurement that doesn't take into account tax benefits. It instead shows the true market competitiveness of running a solar panel.
Posted by Orrin Judd at April 24, 2014 7:07 PM